Problem $14-09($Algo$)[$LO $14-3,14-4,14-5]$

Alex and Addison are married and have the following income items:

Alex's salary

Alex's salary

Addison's Schedule C net profit

Interest income

$\backslash$$ $47,750$

$51,700$

$2,050$

Addison's self$-$employment tax was $\backslash (\backslash$$ $7,305\backslash ).$ Addison's Schedule C net business profit is qualified business income $($non$-$service$).$ The couple have $\backslash$$$9,570$ itemized deductions and no children or other dependents.

Required:

Compute their income tax on a joint return. Assume the taxable year is $2023.$ Use Individual Tax Rate Schedules and Standard Deduction Table.

Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.